IMF Staff Country Reports

Namibia: Financial System Stability Assessment, including Report on the Observance of Standards and Codes on Banking Supervision

Publication Date:

February 27, 2007

Electronic Access:

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Summary:

This paper discusses key findings of the Financial System Stability Assessment for Namibia, including the Report on the Observance of Standards and Codes on Banking Supervision. The financial system of Namibia appears healthy, well-run, and resilient to plausible macroeconomic shocks. Namibia has one of the most sophisticated and highly developed financial systems in Africa. It comprises a diverse range of institutions, which are mostly private. The banking sector is mature, profitable, and well capitalized. The nonbank financial institutions sector is also well developed.

Series:

Country Report No. 2007/083

Subject:

Anti-money laundering and combating the financing of terrorism (AML/CFT) Banking Commercial banks Crime Expenditure Financial institutions Financial services Insurance companies Pension spending